Las Vegas Sands stock apparently pays for Mark Cuban’s NBA cashout

Miriam Adelson, Las Vegas Sands Corp.’s biggest shareholder, sold $2 billion in the company’s stock and will reportedly use the proceeds to buy a majority stake in the NBA’s Dallas Mavericks from Mark Cuban.

Las Vegas Sands LVS disclosed Tuesday afternoon that Adelson — the widow of company founder Shelden Adelson — sold roughly 10% of her stake in the company to use on a professional sports team, without stating a sport or location.


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